Tilt Sensor Market to Exceed USD 402.94 Million by 2028

    Published on 28-Jan-2022
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    Report : Tilt Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Metal and Non-Metal), Technology (Force Balance, MEMS, and Fluid Filled), and Industry (Mining & Construction, Consumer Electronics, Industrial, Automotive, Aerospace, and Others)

    According to the latest research report titled "Tilt Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to grow from US$ 268.72 million in 2021 to US$ 402.94 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.

    Growing Adoption of Tilt Sensors in Industrial Application to Drive Tilt Sensor Market Growth during Forecast Period

    Market Overview

    Robots find their application in various industries such as semiconductors, automobiles, metal forging, and plastics processing due to their ability to perform repetitive, hazardous, and strenuous tasks. Their utility is especially beneficial in the manufacturing industry. While robots have traditionally been used in high-volume operations, advancements in technology and a decrease in the cost of industrial robots have made them more accessible for medium- and small-scale operations. By leveraging technologies such as the industrial internet of things (IIoT) or 3D printing robots, manufacturers can improve the quality of their products and achieve more precise and reliable procedures. The benefits of reduced cycle durations and real-time monitoring also facilitate better preventative maintenance procedures. Additionally, industrial robots can operate non-stop, 24/7, without the need for breaks or shift changes, leading to increased throughput and a reduction in cycle time.

    The speed and dependability of robots can greatly accelerate the pace of manufacturing operations. The use of robots in repetitive tasks can significantly reduce the likelihood of worker injuries, particularly in harsh environments. Remote monitoring of the process is possible, which is often more cost-effective than having a person oversee multiple production tasks. This allows workers to use their knowledge and skills in other areas such as engineering, programming, and maintenance. Tilt sensors, which measure the tilt angle with a reference to the ground plane, are used in robotics for industries, service robots, and other applications such as cellphones, gaming, and planes. Regardless of whether the robot moves on legs or wheels, the inclination must be measured multiple times per second to maintain its position. Furthermore, combining industrial robots with other technologies such as the industrial internet of things (IIoT) or 3D printing robots, can lead to improved product quality, more precise and reliable processes, reduced cycle times, and real-time monitoring for better preventative maintenance procedures.

    Regional Overview

    European tilt sensor market manufacturers are facing a decrease in demand from both domestic and international sensor system manufacturers. In addition, European semiconductor manufacturers are struggling to supply their products in sufficient quantities to customers due to significant disruptions in the raw material supply chain. As a result, manufacturers of semiconductor components and sensors are experiencing delays of two or more weeks in receiving raw materials, which is forcing them to slow down their production pace. Consequently, this trend is resulting in a decline in revenue generation. The main area of emphasis for the European Commission is to provide research and development funding to boost the competitiveness of its manufacturing sector and maintain its global technological dominance. Various airports in Switzerland, Germany, Ireland, the UK, Spain, Belgium, and the Netherlands are utilizing robots for diverse operations. In November 2019, Moscow Domodedovo Airport launched a trial program to examine the efficiency of cleaning robots in its facility. The Airports Council International (ACI) Europe reports that the European aviation industry is expected to grow by over 53% in terms of flight movements between 2019 and 2040. This increase in the size of the fleet is likely to encourage airport authorities to invest in upgrading their current airports. At the same time, governments are making substantial investments to enhance the rail infrastructure in the region. One such example is the Brenner Base Tunnel, which is a new railway line spanning 55 km between Germany and Austria, located in the eastern part of the Alps. The project is expected to be completed by 2028. 

    Segmental Overview

    The tilt sensor market is divided into five primary regions, namely North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The European tilt sensor market is further divided into the UK, Germany, Italy, France, Russia, and the Rest of Europe. This region is known for its strong industrial presence, high GDP, advanced technology adoption, robust infrastructure, high GDP per capita, and an aging population. The European tile sensor market is primarily driven by Germany, the UK, France, and Nordic countries. The region's major manufacturing sectors include automotive, aerospace, and machinery and equipment, with the automotive industry being a significant contributor to the average GDP of the region. Additionally, Europe has made significant strides in upgrading its industrial sector through the implementation of the industry 4.0 framework.

    Impact of COVID-19

    Europe has been severely affected by the COVID-19 pandemic, with countries such as Russia, the UK, and France being among the hardest hit. The UK and France have a significant number of HVAC systems and tilt sensor manufacturers, while Russia has a high concentration of sensor equipment manufacturers. The pandemic has had a negative impact on the businesses of European sensor system manufacturers and tilt sensor market players.

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